The NZDUSD price fluctuates at the EMA50 that forms intraday resistance against the price, waiting to resume the bearish wave that targets 0.5800$ as a next negative station, noting that breaking this level will lead the price to achieve additional negative targets that extend to 0.5720$.
Holding below 0.5935$ is important to the continuation of the expected decline, as breaching it will lead the price to achieve additional bullish correction that its next target reaches 0.6020$.
The expected trading range for today is between 0.5810 support and 0.5905$ resistance
Trend forecast: Bearish
Origin: Economies
